§ 13-1-604 — State banking board created; purpose; membership; appointment; qualifications; term of office

(a) There is created within the division of banking in the
department of audit a state banking board. The board shall
consult with and provide advice and counsel to the commissioner
and the director as requested regarding the administration and
operation of the dual banking system and the banking business in
Wyoming.
(b) The state banking board shall consist of eight (8)
members who shall be appointed by the governor. The director
shall serve as an ex officio member of the board. Of the
appointed members, five (5) shall be officers or directors of
state or national banks domiciled in Wyoming, one (1)member
shall be an officer or director of a public trust company as
defined by W.S. 13-5-301(a)(xiv), and two (2) members shall be
residents of Wyoming who are not officers, directors or
employees of any bank or public trust company. No member of the
banking board shall have any interest, directly or indirectly,
in a bank or public trust company in which any other member of
the banking board has any interest. Any member of the board who
ceases to have the qualifications for which the member was
appointed shall be disqualified to serve and a vacancy shall
occur.
(c) Of the initial appointments to the banking board, one
(1) member representing a state bank and one (1) member
representing a national bank shall be appointed for a one (1)
year term, one (1) member representing a state bank and one (1)
member who is not an officer or director of any bank shall be
appointed for a two (2) year term, and the remaining members
shall be appointed for a three (3) year term. After the initial
appointments, all appointments shall be for a three (3) year
term. All appointments shall commence on July 1 of the year of
appointment. Vacancies occurring because of disqualification,
death, resignation, or for any reason, shall be filled by
appointment for the unexpired portion of the term.